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Property profile & analytics
FOR LEASE
Showrooms

127 Johnny Cake Hill Rd Middletown, RI 02842

11,848 SF 4.71 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US76-0377480
Property summary
AI-generated overview

This exceptional Middletown, Rhode Island office building, located at 127 Johnny Cake Hill Road, offers 11,848 square feet of versatile space ideal for businesses of all sizes. Built in 1980 and zoned OP - Office Park, this property boasts a flexible layout, accommodating various needs. Multiple tenancy options are available, with suites ranging from a minimum of 2,320 square feet to a maximum contiguous space of 5,720 square feet. Currently, 11,133 square feet are vacant, presenting a significant opportunity for immediate occupancy. The property is situated in Newport County, Rhode Island, with easy access to local amenities and transportation. This traditional office space, also suitable for executive offices, offers affordable lease rates for terms up to three years. The building's adaptable design allows for customization to meet specific business requirements, making it an attractive option for both startups and established companies seeking a prime location in a thriving business community. The property's address is 127 Johnny Cake Hill, Middletown, RI 02842. This is a rare opportunity to secure a substantial and adaptable office space in a desirable location. Don't miss this chance to establish your business in a sought-after area.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,848 SF
Lot 4.71 ac (205,168 SF)
Zoning code OP
APN MIDD M:0115 B:00 L:36
UPID US76-0377480
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Jacob T. Abraham, MD Physician
  • Newport County Community Mental Health Center Medical Clinic
  • Dr. Marci A. McNicol Physician
  • Christopher M. Reidy, LICSW Psychotherapist
  • James Turanski Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.89M
CAP Approach CAP
$1.85M
Comparable Approach Comparable
$2.24M
Blend (final) Blend
$1.81M
Owner & transaction history
127 Johnnycake LLC · 4 yrs held
127 Johnnycake LLC
since 2022
Last sale
$1.8M
5 recorded transactions
2022
$1.8M
2016
Price N/A
2013
Price N/A
2008
Price N/A
2000
$41,500
Zoning & alternative use
OP · Middletown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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